Tesla (TSLA) +2% Tesla shares bounced after a rough Monday, despite being down 36% in Q1 — the worst Q1 in company history. Investors are now eyeing its Q1 delivery report due Wednesday, with Street estimates hovering around 380,000 units . Analysts have been revising expectations lower amid backlash over Elon Musk’s role in Trump’s administration. Chinese EV Makers Up XPeng (XPEV) +1.6% : Delivered 33,205 vehicles in March — its fifth straight 30k+ month. NIO (NIO) +1.6% and Li Auto (LI) +1.4% also gained on strong March deliveries. Nvidia (NVDA) -0.6% Still under pressure after a 19.3% Q1 drop , its worst since 2022. Investor worries over AI spending, tech valuation, and trade tensions are weighing heavily. Johnson & Johnson (JNJ) -5% Fell after a Texas judge dismissed J&J’s third bankruptcy attempt to settle talc-related lawsuits via Chapter 11. PVH Corp (PVH) +18.9% Shares surged after Q4 earnings beat expectations ...
Key Takeaways:
Record-Setting Hong Kong Listing: CATL (Contemporary Amperex Technology Co. Limited), the Chinese battery giant, has received approval from China’s securities regulator for its upcoming Hong Kong listing. The company aims to raise at least US$5 billion (RM22.12 billion), marking the largest IPO in Hong Kong in four years.
Share Issuance Details: The Shenzhen-listed firm plans to issue up to 220 million shares on the Hong Kong Stock Exchange, with the deal potentially surpassing the previous largest IPO of Kuaishou Technology, which raised US$6.2 billion in 2021.
Funding Expansion: Part of the funds from the listing will be allocated to the construction of a battery plant in Hungary, with a projected investment of €7.3 billion (US$7.53 billion), aiming to strengthen its foothold in the global electric vehicle (EV) market.
Revitalized Hong Kong Market: This move reflects a revival in Hong Kong's equity capital markets after a two-year lull. Chinese EV makers such as Xiaomi and BYD have already raised nearly US$11 billion in share sales this year, highlighting the growing interest in China’s green energy and EV sectors.
Chinese Market Growth: In 2025, Chinese firms have raised US$23.6 billion globally in equity capital, a 208%increase compared to the previous year, with growing investor confidence following the easing of government scrutiny on major tech companies.
Market Insight: This approval for CATL’s share sale not only signals investor optimism for Chinese tech and EV companies but also shows the resurgence of Hong Kong’s capital market, with disruptive industries like AI and EVpaving the way for future growth.
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